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In 2017, Hart & Sons, a small environmental testing firm, performed 11,400 radon tests for $260 each and 15,000 lead tests for 5210 each Because
In 2017, Hart & Sons, a small environmental testing firm, performed 11,400 radon tests for $260 each and 15,000 lead tests for 5210 each Because newer homes are being built with lead-free pipes, lead-testing volume is expected to decrease by 12% next year. However, awareness of radon-related health hazards is expected to result in a 5% increase in radon-test volume each year in the near future, Jim Hart feels that if he lowers his price for lead testing to $200 per test, he will have face only a 4% decline in lead-test sales in 2018 Read the requirements - X Requirements Requirement 1. Prepare the sales budget for Hart & Sons assuming that prices are held at 2017 levels Sales Budget For the Year Ended December 31, 2018 Selling price Units sold in 2018 Total revenues 1. Prepare a 2018 sales budget for Hart Sons assuming that Hart holds prices at 2017 levels 2. Prepare a 2018 sales budget for Hart & Sons assuming that Hart lowers the price of a lead test to $200. Should Hart lower the price of a lead test in 2018 if the company's goal is to maximize sales revenue? Radon tests Lead tests Total Print Done 1
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